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Vodafone Idea raises Rs 15 bn through debt, its first since incorporation
Posted on 4th September 2018
Telecom major Vodafone Idea Limited Monday raised Rs 15 billion fund through non-convertible debentures on private placement basis -- first debt after its incorporation.

"The Securities Allotment Committee have at their meeting held today i.e. on September 3, 2018, allotted 15,000 unsecured redeemable non-convertible debentures aggregating to Rs 15 billion on private placement basis," Vodafone Idea said in a regulatory filing.


Merger cleared: Vodafone, Idea set to be Vodafone Idea
Posted on 31st August 2018
With the National Company Law Tribunal (NCLT) on Thursday giving its approval to the merger of Vodafone and Idea Cellular, the decks have been cleared for the two to now function as a single entity. An announcement of the date from which the new entity by the name of Vodafone Idea Limited will start functioning will be made as early as Friday.

Malaysia's Axiata relinquishes major rights in Idea ahead of Voda merger
Posted on 18th August 2018
Idea Cellular on Friday said Axiata, whose current holding in the company stands at over 16 per cent, has relinquished "all major rights" including that of nominating a director on the board.

Idea's statement comes at a time when the telecom firm has received the government's approval for merger with Vodafone.


Malaysia’s Axiata relinquishes major rights in Idea Cellular ahead of Vodafone merger
Posted on 17th August 2018
Idea Cellular today said Axiata, whose current holding in the company stands at over 16 per cent, has relinquished “all major rights” including that of nominating a director on the board. Idea’s statement comes at a time when the telecom firm has received the government’s approval for merger with Vodafone. The combination is set to create the country’s largest mobile phone operator worth more than USD 23 billion with a 35 per cent market share.

Idea's key operating metrics remain weak; merger with Vodafone soon
Posted on 1st August 2018
Even though Idea Cellular has surprisingly reported a net profit of Rs 2.57 billion for the June quarter due to a one-time gain from the sale of its tower assets, key performance metrics of the company remain weak.

The Aditya Birla Group company, which will soon be merged with Vodafone India, has seen deterioration in revenues, operating profit, margins and average revenue per user (ARPU).


Idea Cellular Q1 total income at Rs 263 cr
Posted on 31st July 2018
In its last financial result before merger with Vodafone India, Aditya Birla Group firm Idea Cellular today reported total comprehensive income of Rs 263.6 crore in the June quarter, mainly on account of one time gain from sale of mobile towers.

Blows from turbulent tariff war was, however, visible on its operational performance.


Vodafone-Idea merger: Behind the scenes report on corporate & legal intricacies
Posted on 31st July 2018
The swift way in which the Idea-Vodafone merger is progressing under a year shows the improvement in ease of doing business in India.”

That was Vittorio Colao at the World Economic Forum (WEF) governors’ meeting in Davos earlier this year. Though a vocal critic of the labyrinthian regulations and bureaucracy of the world’s largest democracy


Idea offers free 4g data, 300 minutes of voice calls and more in Rs 75
Posted on 27th July 2018
To take the better of neck and neck competition in the telecom sector, Idea Cellular has launched a new offer for its prepaid customers. Idea Cellular is offering 300 minutes of free voice calls, 1GB of free 4g data in just Rs 75. Besides, users will also get up to 100 SMS messages per day. The plan will be valid for 28 days.

Vodafone-Idea merger: Government gives final nod for the deal, to create India’s largest telecom operator
Posted on 26th July 2018
The government today gave final approval to the mega merger of Vodafone and Idea Cellular which will create the country’s largest mobile operator with 35 percent market share with around 430 million subscribers. The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore ‘under protest’ to the Department of Telecom (DoT) for merging their mobile business.

Idea, Vodafone pay Rs 7,249 cr under protest to DoT for merger
Posted on 24th July 2018
Inching closer to the formation of country’s biggest telecom operator, Idea Cellular and Vodafone have made joint payment of Rs 7,248.78 crore under protest to the Department of Telecom for merging their mobile business. “Idea Cellular and Vodafone have made payment under protest as demanded by the DoT for the merger. Rs 3,926.34 crore have been paid in cash and bank guarantee of Rs 3,322.44 crore have been furnished,” an Idea Cellular official confirmed the development.

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